Monday, October 31, 2011

BREAKING NEWS: Wall Street Slides on Yen Intervention, EU Anxiety; Dow Off 130

A move by Japan to weaken its currency that sent the dollar spiking against many currencies, combined with lingering concerns over Europe's ability to execute a plan to tackle its sovereign debt crisis, sent stocks sharply lower in early trading on Monday. Minutes after the opening bell, the Dow slid 130 points, or 1.1%, and the broad S&P 500 shed 16.3 points, or 1.3%.


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